Accenture Acquires Intrepid To Boost Digital Design Services
Zacks Investment Research | Jun 28, 2017 09:30PM ET
In an effort to further enhance its digital design services, Accenture Plc (NYSE:ACN) recently acquired Cambridge-based mobile design and development company – Intrepid. However, the financial details of the transaction have been kept under wraps.
Founded in 2010 by the company’s chief executive – Mark Kasdorf – Intrepid offers end-to-end digital product strategy, design and development services through its offices in Cambridge, MA and Union Square (NYSE:SQ), NYC. The company has approximately 150 employees. Intrepid’s client list includes some big names such as WBUR, Procter & Gamble Co. (NYSE:PG) and Newbury Comics.
It should be noted that Intrepid’s services are mostly bent toward connected devices. Therefore, the integration of the company’s services will expand “Accenture’s capabilities in design, native app development, connected device engineering and web development in North America, strengthening its ability to help clients take the lead in an era where connected experience is the new battleground.”
The latest deal is anticipated to further boost Accenture’s ability to help clients design and create physical products. The acquisition of Intrepid will not only bring in a huge talent pool, but will also expand its reach in different markets.
We are encouraged by Accenture’s strategy of growing through acquisitions. These buyouts have enabled the company to foray into newer markets, diversify and broaden the product portfolio, as well as maintain a leading position. We believe that regular acquisitions will significantly contribute to its revenue stream.
Notably, shares of Accenture have outperformed the Zacks categorized Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.